CoreyBrown
New member
WAF Company's general ledger included the following accounts at November 30, 2008:
Accounts payable$ 131,200
Interest receivable$ 995
Accounts receivable $103,000
Inventory $112,800
Allowance for doubtful accounts $2,850
Note receivable- due April 23, 2009$23,000
Bad debts expense $3,730
Note receivable-due May 21, 2012 $45,000
Cash$37,000
Prepaid expenses$4,950
GST recoverable $1,990
Prepare the current assets section of the balance sheet. What is the total current assets?
Accounts payable$ 131,200
Interest receivable$ 995
Accounts receivable $103,000
Inventory $112,800
Allowance for doubtful accounts $2,850
Note receivable- due April 23, 2009$23,000
Bad debts expense $3,730
Note receivable-due May 21, 2012 $45,000
Cash$37,000
Prepaid expenses$4,950
GST recoverable $1,990
Prepare the current assets section of the balance sheet. What is the total current assets?